BIZD vs. PFF
BIZD (VanEck BDC Income ETF) and PFF (iShares Preferred and Income Securities ETF) are both exchange-traded funds - BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index, while PFF is a Preferred Stock/Convertible Bonds fund tracking the ICE Exchange-Listed Preferred & Hybrid Securities Index. Both are passively managed. Over the past 10 years, BIZD returned 7.66%/yr vs 3.30%/yr for PFF. At a 0.45 correlation, their price movements are largely independent. BIZD charges 12.86%/yr vs 0.46%/yr for PFF.
Performance
BIZD vs. PFF - Performance Comparison
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Returns By Period
In the year-to-date period, BIZD achieves a -9.43% return, which is significantly lower than PFF's 2.93% return. Over the past 10 years, BIZD has outperformed PFF with an annualized return of 7.66%, while PFF has yielded a comparatively lower 3.30% annualized return.
BIZD
- 1D
- 0.16%
- 1M
- -1.20%
- YTD
- -9.43%
- 6M
- -8.46%
- 1Y
- -13.47%
- 3Y*
- 4.52%
- 5Y*
- 4.48%
- 10Y*
- 7.66%
PFF
- 1D
- 0.45%
- 1M
- 0.83%
- YTD
- 2.93%
- 6M
- 2.33%
- 1Y
- 9.03%
- 3Y*
- 7.05%
- 5Y*
- 1.45%
- 10Y*
- 3.30%
BIZD vs. PFF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | -9.43% | -4.96% | 15.63% | 27.02% | -8.51% | 36.25% | -7.12% | 30.87% | -6.88% | 0.36% |
PFF iShares Preferred and Income Securities ETF | 2.93% | 4.87% | 7.24% | 9.22% | -18.19% | 7.15% | 7.89% | 15.93% | -4.64% | 8.10% |
Correlation
The correlation between BIZD and PFF is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2013 | 0.45 |
The correlation between BIZD and PFF has been stable across timeframes, ranging from 0.45 to 0.50 - a consistent structural relationship.
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Return for Risk
BIZD vs. PFF — Risk / Return Rank
BIZD
PFF
BIZD vs. PFF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck BDC Income ETF (BIZD) and iShares Preferred and Income Securities ETF (PFF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BIZD | PFF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.85 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.23 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 1.72 | -2.33 |
| Martin ratioReturn relative to average drawdown | -1.02 | 5.21 | -6.24 |
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Drawdowns
BIZD vs. PFF - Drawdown Comparison
The maximum BIZD drawdown since its inception was -55.44%, smaller than the maximum PFF drawdown of -65.55%. Use the drawdown chart below to compare losses from any high point for BIZD and PFF.
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Drawdown Indicators
| BIZD | PFF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.44% | -65.55% | +10.11% |
Max Drawdown (1Y)Largest decline over 1 year | -22.22% | -5.28% | -16.94% |
Max Drawdown (3Y)Largest decline over 3 years | -22.56% | -10.63% | -11.93% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -21.05% | -1.86% |
Max Drawdown (10Y)Largest decline over 10 years | -55.44% | -34.10% | -21.34% |
Current DrawdownCurrent decline from peak | -19.66% | -1.11% | -18.55% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -5.75% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.18% | 1.73% | +11.45% |
Volatility
BIZD vs. PFF - Volatility Comparison
VanEck BDC Income ETF (BIZD) has a higher volatility of 5.51% compared to iShares Preferred and Income Securities ETF (PFF) at 2.08%. This indicates that BIZD's price experiences larger fluctuations and is considered to be riskier than PFF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIZD | PFF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 2.08% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 15.14% | 5.28% | +9.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.48% | 6.91% | +11.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.44% | 10.33% | +7.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.77% | 12.67% | +9.10% |
BIZD vs. PFF - Expense Ratio Comparison
BIZD has a 12.86% expense ratio, which is higher than PFF's 0.46% expense ratio.
Dividends
BIZD vs. PFF - Dividend Comparison
BIZD's dividend yield for the trailing twelve months is around 13.94%, more than PFF's 5.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | 13.94% | 11.78% | 10.94% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% |
PFF iShares Preferred and Income Securities ETF | 5.47% | 6.30% | 6.32% | 6.63% | 6.01% | 4.45% | 4.79% | 5.31% | 6.32% | 5.59% | 5.85% | 5.76% |
Frequently Asked Questions
BIZD and PFF have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIZD has higher volatility (5.51%) compared to PFF (2.08%). In terms of maximum drawdown, BIZD dropped -55.44% vs PFF's -65.55%.
On 10-year performance, BIZD leads with 7.66% vs 3.30% for PFF. On fees, PFF is cheaper at 0.46% per year. On volatility, PFF has been the lower-risk option at 2.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BIZD has performed better with a 7.66% return vs 3.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PFF is cheaper with a 0.46% expense ratio, compared with 12.86% for BIZD.
BIZD has the higher dividend yield at 13.94%, compared with 5.47% for PFF.
BIZD is categorized as Financials Equities, while PFF is Preferred Stock/Convertible Bonds. BIZD tracks MVIS US Business Development Companies Index, while PFF tracks ICE Exchange-Listed Preferred & Hybrid Securities Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 12.86% for BIZD and 0.46% for PFF.
PFF currently has the higher Sharpe Ratio (1.31 vs -0.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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